EUR News

EURUSD continued its sideways movement in a range between 1.0820 and 1.0950. Support is at 1.0820. As long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.0569 and further rise to 1.1000 area could be expected after the sideways movement. On the downside, a breakdown below 1.0820 support will indicate that the upward movement had completed at 1.0950 already, then the following pullback could bring price back to 1.0600 zone.

European Central Bank policymakers will be able to provide an updated economic assessment in June when more information and the latest set of macroecnomic projections would be available, ECB Executive Board member Peter Praet said Thursday.

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EURUSD’s bullish movement from 1.0569 extended to as high as 1.1021. Support level is now at 1.0874, as long as this level holds, the bullish movement could be expected to continue and next target would be at 1.1050 area. On the downside, a breakdown below 1.0874 support will indicate that the bullish movement had completed at 1.1021 already, then the following downward movement could bring price back to 1.0700 area.

German job vacancies reached a new record in the first quarter of the year, results of a survey by the Institute for Employment Research/IAB showed Tuesday.

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France's current account deficit decreased in March from a month earlier, data from the Bank of France showed Wednesday.

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EURUSD broke above 1.0900 resistance and rebounded to 1.0930 area, indicating that the downward movement from 1.1021 had completed at 1.0839 already. However, the bounce would possibly be correction of the downtrend from 1.1021, another fall towards 1.0700 is still possible after the correction. Key resistance is at 1.1021, only break above this level will indicate that the uptrend from 1.0569 has resumed, then the following upward movement could bring price to 1.1400 zone.

The euro area trade surplus increased in March from a month ago, as exports rose and imports fell, preliminary data from Eurostat showed Monday.

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Policymakers agreed that there was a need for great caution in undertaking even subtle changes in communication so as to avoid market volatility similar to the 'taper tantrum' in 2013, the minutes of the minutes of the European Central Bank's policy session on April 26-27 revealed Thursday.

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The European Central Bank may be forced to tighten policy once inflation is perceived to be on a self-sustaining path despite high unemployment, ECB Executive Board member Benoit Coeure said Friday.

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EURUSD moved below the ascending trend line on 4-hour chart and is now facing the 1.1161 support, a breakdown below this level will indicate that the uptrend from 1.0839 had completed at 1.1267 already, then the pair will find support at around 1.1070, followed by 1.1030. On the upside, as long as 1.1061 support holds, the fall from 1.1267 would possibly be consolidation of the uptrend, another rise towards 1.1350 is still possible after the consolidation. Resistance is at 1.1267, a break of this level could signal resumption of the uptrend.